Paypal is just a better way to make a purchase over the internet. You can use your Visa, MasterCard, Discover, and American Express*, Debit card and Checking Account. Members in the UK may also use Switch or Solo cards with their PayPal accounts.
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You enter your information once with Paypal, then place an order with any merchant that uses Paypal, you then click on Paypal to conclude your order without having to reenter your credit card information ever again in life.